URBAN ONE, INC. — Form 8-K

Urban One executed a Second Supplemental Indenture dated October 20, 2026, amending its 10.5% First Lien Senior Secured Notes due 2030. The amendment permits proceeds from sales of Charlotte-area real property (400 Radio Road and Urban One's 40% interest in Beasley Media Group property at 9201 Nations Ford Road) to be used for: (1) open-market repurchases of Second Lien Notes within 45 days of proceeds receipt, or (2) reinvestment in Charlotte DMA assets if pro forma Leverage Ratio reduction exceeds what repurchases would achieve (synergies capped at 20% of cash flow). If reinvestment is cancelled/not completed within 180 days, proceeds must revert to Second Lien Note repurchases or debt reduction. Amendment received requisite majority bondholder consent and contains technical corrections to debt covenants.